Think carefully about what this chart is showing. It contains the exact same data as the real Bitcoin chart. Nothing has been added, nothing has been removed. The only difference is that the values have been reordered from low to high.

Now imagine that this had been the actual historical path of Bitcoin. The price would always appear to go up, sometimes more slowly, sometimes more rapidly, but always upward. It would feel smoother, safer, more reassuring. In fact, most people would probably describe it as an extraordinary and remarkably comfortable journey.
And yet, mathematically, nothing has changed. The same data are there. The same highs, the same lows, the same final result. Only the sequence in which we experienced them is different.
That is what makes this thought experiment so powerful. Much of what we call fear, conviction, volatility, or suffering is deeply tied not just to outcomes, but to the order in which those outcomes unfold through time.
So the real question is this: if the long-term result is the same, how much does the path really matter?
Of course it matters psychologically, perhaps enormously. But does it matter fundamentally, if your time horizon is truly long enough?
That is worth reflecting on.